To: larry who wrote (90877 ) 1/13/2000 12:22:00 AM From: Derrick P. Read Replies (1) | Respond to of 164684
larry, I have some concern about what appear to be inconsistencies in your statements. First, from your profile it says that you are 32 and have a Phd. You saidAs a scientist in one of the very top research institutes in the US for the last 10 years (until recently I quit my job), I know very well about nearly all these 'hot' genetical companies, ala celera, incyte, gene logic etc. Did you recieve your Phd at age 22? Very impressive. You also stateCelera is a new company and their CEO and CFO sold out a majority of their holdings at 20s because truly no one in this field believes that human genome sequence iks going to cause any stir in the cancer research field. Yahoo finance shows that Tony White, the CEO, exercised and disposed of options. He still has over 40,000 shares in the company. Dennis Winger the CFO also exercised options but still holds over 2,600 shares. Exercising options seems to be very normal for insiders in any company. Over the last six months Yahoo only show's one insider sale of 0.6% of total insider holdings. I see nothing unusual about the insider sales. In the news conference this week these insiders did say that they thought their findings would have a major impact on medical and genetic research and developments. Sir, these are definitely some of the top genetic scientists in the world. Are you saying that they lied in this conference? That is quite a scoop, too bad there is little to back up your claims. From your profile there you are not even holding any biotech companies. I don't mean to slam you, but before I go making any financial judgements I need a little more faith in the information being given. If you are who you claim then your insights would be very helpful.